Jerry Yang today hailed Yahoo!'s "extraordinary" Q1 results, citing the besieged firm's ability to execute, against a backdrop of economic uncertainty and Microsoft's unwelcome bid to buy the company.
And extraordinary they were, as the Yahoo! CEO claims, with net income jumping massively to $542m, or 37 cents a share (Net …

Well, well, well...

Now Yahoo's profits (and hence value) have gone up, and Ballmer states they're not going to up their offer or anything.

Ballmer states that Vista is a "work in progress" is bound to inspire hesitancy in buying it, the Vista capable lawsuit thing is up and running again, and the WSUS snafu is bound to bite, and the XP SP3 thing is ticking off their paying customers for being released to the public first.

What's the bet that this all hits Microsoft's share price? Is this the annus horribilis for Microsoft?